Thungela cuts annual coal target as Transnet’s rail performance slumps again
THUNGELA Resources said today thermal coal production for the year ended December 30 could be as much as 1.2 million tons (Mt) lower than...
AngloGold to refinance notes with fresh $750m issue maturing in 2028
ANGLOGOLD Ashanti is to issue $750m in notes which are due to mature in 2028, the group announced today.
The proceeds will be used to...
SA economic risk means banks reticent to entirely cut funding to...
SOUTH African banks say they cannot entirely cut lending facilities to the country's coal industry as this would put too much strain on government...
SA coal exports may face more disruption following fire at Transnet...
THERMAL coal exports from South Africa could face more disruption after a fire broke out at the Richards Bay Bulk Terminal operated by the...
Coal boss says world should allow SA to conduct energy transition...
SOUTH Africa ought to be given the same energy transition Europe allowed itself, said Mxolisi Mgojo, outgoing CEO of Exxaro Resources.
Speaking at the Financial...
Union claims Sibanye-Stillwater is “preparing for a strike” at its SA...
SOUTH African union Solidarity said Sibanye-Stillwater was spending more time preparing for a strike at its gold operations than trying to reach a new...
Metal price correction puts pay to supercycle as Covid-19 demand impulse...
MINERAL price behaviour of the past two months indicated the commodity markets were beginning to cool and putting a damper on hopes of a...
Lucapa adjusts 2021 EBITDA higher on improved diamond market, revised Lulo...
LUCAPA Diamond Company said earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2021 calendar year would come in between A$26m and A$28m...
South32 agrees to pay A$2.05bn for stake in Chile copper mine
SOUTH32 is to buy a 45% stake in the Sierra Gorda copper mine in Chile after agreeing to pay A$2.05bn - its biggest transaction...
Anglo considering supplying SA with hydro power using water from flooded...
ANGLO American is considering pumping underground water from flooded mines to use in hydro electric power installations in South Africa.
This is one of several...